Banking Policies & Procedures

Banking Spectrum can assist your financial institution in enhancing its internal control framework through the preparation of policies and procedures that help:

• Ensure that management goals and directives are carried out.
  
• Ensure that policy statements and guidelines correlate to actual operations.
  
• Reduce risk of error or loss to the bank.
  
• Identify tasks that may be streamlined or consolidated for greater productivity.
  
• Establish a written record of the bank's control environment.
  
• Ensure compliance with applicable laws and regulations.

Banking Spectrum's policies will not only satisfy examiners, but will enable your financial institution to run more efficiently. Our policies are consistent, clearly written and easily understood. Customized specifically for your institution's lending and deposit products, our policies address Reg DD, Reg Z, Reg E, Bank Secrecy Act, Reg CC, CRA, Fair Credit Reporting Act, RESPA, Reg B, and much more.

An annual maintenance service for regulatory updates is also available.

Please send us an email for a complete listing of the policies available, or for further information.

Procedures

Banking Spectrum's comprehensive, professional banking procedures for deposit accounts or loans have been favorably reviewed by examiners, and include deposit account procedures and loan procedures

Each procedure contains information and descriptions of the following elements:

• Operational activities for processes, transactions, internal controls, etc., that are specific to the bank and its operations.
  
• Compliance activities necessary to comply with law and regulation as outlined in the bank's compliance policies.

An annual maintenance service for regulatory updates is also available.

Please send us an email for a complete listing of the procedures available or for further information.